Steel Coated Floors specializes in mobile epoxy flooring services primarily for residential and commercial garages. The franchise uses proprietary marks and a developed operational system.
Key Insights
- Steel Coated Floors emerged when founders recognized significant opportunities to transform traditional service delivery methods within their market, developing innovative approaches that addressed specific customer pain points and established new standards for quality and reliability in the industry.
- Service training develops comprehensive staff expertise in wine pairing, menu knowledge, and attentive hospitality techniques that enhance the dining experience without being intrusive, ensuring that guests receive knowledgeable recommendations and professional service throughout their visit.
- Market education efforts help consumers understand the value of professional versus amateur service providers, creating opportunities for qualified businesses to demonstrate expertise and build customer relationships through superior service quality and reliable performance.
Franchise Fee and Costs to Open
Exploring the financial picture of Steel Coated Floors gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $122,785 - $174,285, along with a franchise fee of $59,000 - $59,000.
Financial Performance and Revenue
Yearly gross sales of $197,398 and estimated earnings of $27,636 - $35,532 show the potential financial performance of this franchise. These figures are crucial for prospective franchisees as they help to project revenue and profitability. They offer insight into the business's ability to generate income and can be used to compare its performance against other investment opportunities. The Franchise Payback Period of 5.2-7.2 provides an estimation of the time it might take for an owner to recover their initial investment. This metric is a key consideration for anyone evaluating the financial viability of a franchise, as it relates directly to the speed at which the business can become profitable. A shorter payback period can indicate a faster return on capital, which is a significant factor in making an informed decision about a franchise investment.
Training and Resources
Maggiano's Little Italy provides comprehensive training. New franchisees receive initial training that lasts two weeks and is conducted at Maggiano's corporate offices in Dallas, Texas. This program offers operational guidance and brand immersion. Maggiano's Little Italy also provides ongoing operational support and access to a network of resources.
Legal Considerations
Legal considerations for a Steel Coated Floors franchisee are outlined in the Franchise Disclosure Document (FDD) and the Franchise Agreement. Note that this franchise discloses lawsuits and/or bankruptcy information in its FDD, which may impact your evaluation. Subscribe now to access more details and be sure to consult a qualified attorney before proceeding.
Challenges and Risks
Operating a Maggiano's Little Italy franchise involves navigating local market dynamics, where established Italian eateries and burgeoning culinary trends may present competitive landscapes. The inherent complexity of managing a full-service restaurant, from kitchen operations and service staff to inventory control, demands consistent attention. Furthermore, maintaining the brand's signature quality relies on securing specific ingredients and adhering to established supply chain protocols.
Franchise Datasheet
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